ARADIS LIMITED

🌳Matureactive
04332897 · ltd · incorporated 2001-12-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 19.4y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 19.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-07-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-07-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-07-12
    🔓
    Charge satisfied #3
  7. 2024-07-12
    🔓
    Charge satisfied #2
  8. 2024-07-12
    🔓
    Charge satisfied #1
  9. 2024-03-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-03-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2023-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-11-17
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2022-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2022-11-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2022-03-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2022-03-15
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  22. 2022-03-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2022-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2015-11-19
    🔒
    Charge registered #3
    Lender: Hsbc Bank PLC
  25. 2007-06-25
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  26. 2007-02-02
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  27. 2001-12-03
    🏢
    Company incorporated
    As ARADIS LIMITED
  28. 2001-12-03
    ➕
    NORMAN, Rosemarie Owen appointed
    secretary
  29. 2001-12-03
    ➕
    NORMAN, David John appointed
    director
  30. 2001-12-03
    ➕
    NORMAN, Rosemarie Owen appointed
    director
  31. 2001-12-03
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  32. 2001-12-03
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  33. 2001-12-03
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director
  34. 2001-12-03
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David John Norman
Individual · British · DOB 07/1953 · age 73
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Rosemarie Owen Norman
Individual · British · DOB 08/1953 · age 73
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2001-12-03
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

20 Henver Road
Newquay
Cornwall
TR7 3BJ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (3 active · 2 resigned)

NORMAN, Rosemarie Owen→
secretary · appointed 2001-12-03
View their other companies + combined net worth →
Active
NORMAN, David John→
director · ~73y · appointed 2001-12-03
View their other companies + combined net worth →
Active
NORMAN, Rosemarie Owen→
director · ~73y · appointed 2001-12-03
View their other companies + combined net worth →
Active
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2001-12-03 · resigned 2001-12-03
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 2001-12-03 · resigned 2001-12-03
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
A registered charge1 property19/11/201512/07/2024
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property25/06/200712/07/2024
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property02/02/200712/07/2024

Recent filings (74 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-09
change-person-director-company-with-change-date
officers · CH01
2023-01-16
change-person-director-company-with-change-date
officers · CH01
2023-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-21